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Report: J. Crew to launch new format for budget shoppers
New York -- J. Crew Group Inc. is developing a new store format in the budget fashion sector. The company has created a brand called “J. Crew Mercantile,” and filed an application to trademark the phrase for selling clothing and accessories, both online and in stores, according to a report by the Wall Street Journal.
The trademark application is still pending, the report said. The new brand would sell merchandise and prices that are similar to its J. Crew Factory outlet concept.
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NRF: Retail adds jobs in April
Washington, D.C. -- The National Retail Federation said that retail employment increased 28,000 in April 2014 from March 2014 and 241,000 year-over-year. March's retail employment was revised upward by 2,700 jobs.
NRF said the increase reflects the growth and positive momentum seen in the retail industry in recent months. According to the Bureau of Labor Statistics, the U.S. economy as a whole added 288,000 jobs in April, reducing the unemployment rate from 6.7% to 6.3%.